Haives Manufacturing Company (HMC) bases its fixed overhead rate on practical capacity of 85,000 units per year. Budgeted and actual results for the most recent year follow:

 Budgeted ActualFixed manufacturing overhead $599,250 $575,000Number of units produced  75,000  80,000

Required:

1.Calculate the fixed overhead rate based on practical capacity for HMC. (Round your answer to 2 decimal places.)

2.Calculate the fixed overhead spending variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

3.Calculate the expected (planned) capacity variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

4.Calculate the unexpected (unplanned) capacity variance for HMC.(Round Fixed overhead rate to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

For each of the following independent cases, fill in the missing amounts:(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.)

Casey Co. Kevin, Inc. Jess Company Valerie, Inc. Units produced 1,400 90 500 Standard hours per unit 2.10 0.60 Standard hours 360 171 Standard rate per hour 8.20 S 13.00 8 Actual hours worked 2,800 430 2,200 Actual labor cost 1,200 14,400 Direct labor rate variance S 700 F 400 F S 35JU Direct labor efficiency variance 686 U $ 2,600 U